NNPC reacts to rumours of planned fuel price hike

By Chioma Obinagwam

The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.

NNPC Ltd told Confiance News in a statement on Wednesday.

NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.

Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country.

Confiance News recalls that there has been a viral news of an increase in the price of PMS on social media to N1200.